Most happy with switch in energy retailers: Survey

About 80% of Jurong residents who switched have positive impression of open electricity market; some see cost savings

After Dr Qiu Yongyin switched to Keppel Electric, his monthly electricity bills dropped from $100 to between $70 and $80. He says he does not have any concerns about the open electricity market as there are measures to protect his interests.
After Dr Qiu Yongyin switched to Keppel Electric, his monthly electricity bills dropped from $100 to between $70 and $80. He says he does not have any concerns about the open electricity market as there are measures to protect his interests.PHOTO: LEE JIA WEN FOR THE SUNDAY TIMES

When the Jurong electricity market opened in April, allowing residents to choose their retailer instead of just staying with SP Group, medical officer Qiu Yongyin grabbed the chance to switch.

Dr Qiu, 32, is now in a two-year contract with Keppel Electric, which charges him a rate discounted from the regulated tariff.

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A version of this article appeared in the print edition of The Sunday Times on September 23, 2018, with the headline 'Most happy with switch in energy retailers: Survey'. Subscribe